Beginners Guide to Understanding Incoterms in Global Trade

Beginners Guide to Understanding Incoterms in Global Trade

This article provides a clear and concise explanation of the 13 common Incoterms (EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP) used in international trade. It details the responsibilities of both buyer and seller under each term, clarifies the point of risk transfer, and specifies the applicable modes of transport. The aim is to help foreign trade practitioners better understand and utilize these terms to effectively manage and mitigate trade risks.

08/22/2025 Logistics Encyclopedia
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Commercial Invoices Vital for Global Trade Experts Say

Commercial Invoices Vital for Global Trade Experts Say

A commercial invoice is an essential document in international trade that includes key information such as the country of origin, supplier and consignee details, and product descriptions to ensure compliance with customs requirements. Accurately completing a commercial invoice helps improve customs clearance efficiency and facilitates smooth international transactions.

08/07/2025 Document Interpretation
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Ports Shift to Electric Heavyduty Trucks for Zerocarbon Logistics

Ports Shift to Electric Heavyduty Trucks for Zerocarbon Logistics

Port logistics is undergoing an electrification transformation, facing four major application scenarios: in-port trucks, short-distance container transport, short-distance general cargo, and medium-long distance transport. Autonomous trucks are technically mature. The short-distance container transport market has huge potential but faces numerous challenges. Electrification of general cargo transport is progressing rapidly, while medium-long distance transport is limited by technical bottlenecks. In the future, policy support and innovative business models will be crucial to promoting the electrification of port logistics.

12/02/2024 Logistics Industry Insights
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